The Nissan X-Trail 2.0L Hybrid has joined the Nissan Leaf in Edaran Tan Chong Motor’s list of cars available with a subscription plan (within the group, TC Euro Cars is also offering the Renault Captur and Koleos for subscription). Touting lower upfront payment compared to a regular hire purchase loan, as well as a lower total amount paid over three years with no concerns over depreciation, ETCM’s subscription plan is offering the hybrid SUV for RM2,500 a month.

Like the plan for the Leaf, X-Trail Hybrid buyers going the subscription route will need to fork out two months of security deposit and the annual insurance for the RM159,888 car, which is RM5,000 and RM4,500 respectively. Include the first month’s RM2,500 fee and you upfront payment is RM12,000.

That’s lower than the RM17,388 upfront payment of the HP loan, which is calculated based on a five-year loan tenure with a 90% margin at a 2.6% interest rate. The regular loan route will see one cough up RM2,769 per month.

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As for total amount paid after three years, the car subscriber would have forked out RM100,452 versus RM123,006 for the HP loan taker. These sums take into account monthly payments, insurance and road tax for three years, applicable to both routes. Periodic maintenance is free for three years, excluding wear and tear items.

Side-by-side, that’s RM22,554 saved for the subscriber, although by the end of the three-year contract, they’ll have to return the X-Trail to ETCM, while the purchaser will still have their SUV to keep or sell.

Those who clock up high mileage will have to take note that the subscription plan comes with a mileage cap, which is 60,000 km over the three-year tenure, which works out to just under 1,700 km per month on average. Any extra mileage will be charged 50 sen per km. As the car does not belong to you but ETCM, subscription cars will have a telematics device installed. For a more detailed look at how this subscription plan works, check out the piece we did on the Nissan Leaf.

Whether a subscription plan or the good ol’ hire purchase loan is best for you, ultimately depends on your usage and priorities. It’s not too unlike the likes of Mercedes-Benz’s Agility Financing – fast and easy, change to a new car every three years, no residuals to think of.

An extra note: some cars are bugged by the perception of “low resale value” for various reasons, including the perceived high cost of hybrid battery replacement. The electrified X-Trail and the fully-electric Leaf certainly fall into this category, so a subscription plan may be a good way to sample these cars without having to worry about RV further down the road.

The X-Trail Hybrid was launched in April as part of the 2019 Nissan X-Trail facelift range, which includes the entry-level 2.0L 2WD (RM133,888), 2.0L 2WD Mid (RM145,888) and 2.5L 4WD (RM153,888).


GALLERY: 2019 Nissan X-Trail 2.0L Hybrid